r/movies • u/Vanderlyley • 28d ago

News Paramount Posts $286M Fourth Quarter Streaming Loss

https://www.hollywoodreporter.com/business/business-news/paramount-fourth-quarter-streaming-1236148263/
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u/spaceraingame 28d ago

I still fail to see why they needed their own streaming service

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u/Sir_Shax 28d ago

That’s because Disney who owns half the current film industry started their own one and other studios thought their collection was also worth the same not realising their dog shit movies from the 90s don’t carry the same weight.

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u/BusinessPurge 28d ago

Everyone thought they’d get the same gigantic stock bump as Netflix, now they’re overcommitted without an exit plan

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u/ChiBurbABDL 27d ago

The exit plan is to go back to square #1 from about 15 years ago: let Neflix or Hulu stream their shows.

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u/jackmusick 27d ago

It’s so clear this is unsustainable. It was 100+ a month in the 90s for TV where you didn’t get most movies, it wasn’t on demand and there was still ads. Now we’re paying 10-20 bucks a month for a few things where we get exponentially more content with minimum to no advertising and a lot of times, the content isn’t even staggered. How was this ever going to work? Even bad content is expensive and takes a lot of time to make.

The ship has already sailed, too. No one is going back to paying 100 (probably closer to 200 or 300 into today’s dollars) for what we had back then, yet alone for one or two platforms as they exist today. People are and will go back to piracy and only unchecked capitalism is to blame.

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u/desacralize 27d ago

I keep saying it, everybody came crawling back to Steam to host their games after trying their own thing for awhile, so why not the same with Netflix (or some other single aggregation site). Let one place take their cut and eat the cost of hosting this shit and maintaining a good storefront.